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20130113
20130121
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CNBC
Jan 14, 2013 4:00pm EST
some homeowners find that they owe back property taxes and maintenance fines on a home they thought they'd lost. maria? >> all right, diana. stay there. we want to get reaction now within real estate from real estate attorney sherry oliphson. good to see you. >> thanks. >> should a process be in place to avoid the zombie foreclosures? >> well, absolutely. i mean, we've learned through this crisis that foreclosure litigation is unlike any other litigation. we have time frames as a result of the robosigner and others that diana referenced for banks to complete short sale processes and notification requirements 37 and these other requirements if foreclosures are not going to be pursued need to be enforced. not only for the homeowners but also for the neighbors and for investors in those banks. we're talking about as many as 2 million mortgages that are in zombieland. who knows what financial impact that's going to have when it shows up on the bank's books? >> sure which is what diana was reporting. should the banks have a time limit to decide foreclosed or notify the homeowners? >> the
CNBC
Jan 15, 2013 4:00pm EST
move into the debt ceiling debate, it can be far harder to solve than the taxes, we think the market can be down for a while, and before it comes back up. >> so you're looking for a decline, and perhaps that is an entry point for some. do you agree with that? >> i think any decline is an opportunity to buy, maria. i'm very, very bullish on u.s. equities and one of the main reasons i am the u.s. energy story which i think is a story that's not being told as well as it should be. in 2012 the u.s. oil production was up 16%. that was the biggest year over year increase in u.s. oil production since 18 at which just happens to be when we started producing oil so if we think about what's going on. we have right now -- right now we produce oil at 80%, the same price the rest of the world does. we produce natural gas at 25% of the price the rest of the world does. we have cheap energy here in the united states and we feel that will drive manufacturing back to the united states, create jobs, and when all this political stuff is over, that's going to be a big story that we'll talk about ten yea
CNBC
Jan 16, 2013 4:00pm EST
of gdp, looking for 1.5%. another year where we don't see big tax revenues coming in because we're not creating a lot of jobs. the economy is growing less than 2%, and we're still bragging about what a great year it is for stock returns. >> maria, can i jump in here for a moment. >> i think, rick, got to stop looking at the glass being half empty. it will be a weak fourth quarter but that's mostly because of weak exports and inventories. the u.s. consumer doing pretty well. >> what about all the activity we pulled from the first quarter based on the fiscal cliff you? think the first quarter is really going to be that much better? >> look at the information we have now. a pry pry try survey done by isi of home builders and said january will be a blockbuster month for home building, and let me bring up two other points that don't get mentioned here. the mortgage foreclosure settlement and a couple other things on the regulatory front, the liquidity ratios being eased up, a very good environment for lending, very solid for housing. i can see a lot more reasons to be positive than nega
CNBC
Jan 17, 2013 4:00pm EST
. not going to save our way out or tax our way out, but those things do matter. i'm glad ceos are spending time expressing their thoughts on these issues. >> but we're living cliff by cliff. >> yes. >> it's amazing to me that we haven't, you know, put out real solutions. has this, do you think, become an impediment for business? has it become an impediment for your business that all this uncertainty and the fact that we can't make any decisions in washington, even though the corporate balance sheet is quite strong. >> absolutely. what did we talk about in december? nothing but fiscal cliff. it even drove santa claus off the front page. all we talked about. >> that's true. >> now the debt ceiling and then it's sequester and the continuing resolution. we go from this cliff to that cliff, and we don't deal with the problem. if we deal with the problem, there's so many assets in america. we can grow our way out of this. >> let me ask you about getting out of a problem and for many it's regular laying. after the 2008 upset, the banking sector has faced much higher regulation. things ar
Search Results 0 to 3 of about 4